According to the most recent data on the cost of living, Somerset has an overall cost of living index of 85 which is 0.8x lower than the national index of 100.
Compared to only Kentucky, Somerset has a cost of living index that's 1.0x lower than Kentucky's index of 89.
The standard of living in Somerset ranks as #795 most affordable out of the 6522 places we measured in Kentucky. By definition, that implies Somerset ranks as the #5611 most expensive place in the Bluegrass State.
|Living Expense||Somerset||Kentucky||National Average|
Housing swings affordability the most between places in Kentucky, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.